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Colorado new vehicle sales up 12 percent in the first 10 months of 2013

Colorado new car and truck sales are up 12 percent for the first 10 months of 2013 compared to 2012 and up 7.8 percent for October compared to a year earlier, according to the Colorado Automobile Dealers Association.

New vehicle registrations for Dodge, Ram, Porsche and BMW each increased more than 30 percent during the first 10 months of the year.

Dodge was the leader with a 48.2 percent increase followed by Ram at 33.6 percent, Porsche at 31.4 percent and BMW at 30.4 percent.

Tim Jackson, president of the CADA, said that a key reason for consumer buying is that the average age of cars and trucks is "at a record high" and car owners are interested in replacing them.

"In October, consumers took advantage of factory incentives and low interest rates," said Jackson in a statement. "Plus, we're continuing to see a wide range of popular leasing options, attractive new designs, more product choices and greater volume of choices in fuel efficient vehicles."

He said that low gasoline prices are fueling a demand for sports utility vehicles and pickups.

Jackson said compact SUVs, full-size pickups and compact luxury SUVs continue to lead the market share gains and have for eight consecutive months.

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